AMCIL (ASX: AMH) banks on portfolio strength to sail through market tides

Fri 11 Aug 23, 11:21 AM | Team Kalkine

Image source: Joyseulay

Highlights

AMCIL is an investment company that manages portfolio comprising large and small companies of the Australian equity market

Teele (Bruce Ballantine) and Teele Family Super Pty. Ltd. are the top two shareholders of AMH with shareholding of around 16.04% and 6.38%, respectively

In the FY23, the company registered a net profit of AUD 7.6 million

AMCIL Limited (ASX: AMH) is an investment company that manages a portfolio that includes large and small companies in the Australian equity market. The corporate objective of AMCIL is to provide shareholders with returns that outperform the market over the long to medium term by capital growth along with dividend income.

The investment company registered a net profit of AUD 7.6 million during the financial year 2023 (FY23), down by 6.9% over the previous corresponding period. Excluding the dividend arising from Woodside/BHP Petroleum merger, the net profit for 2023 has increased by 24.1%. Total revenue during the reported period decreased by 8.92% to AUD 9.77 million, and basic earnings per share dropped by 9.33% to AUD 2.43 million.

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